The crypto market climbed upward ahead of tonight’s big announcement. As of now, $BTC is trading at $85,164 and $ETH is trading at $1,904. Bitcoin dominance stands at 62.52%.
Stablecoin issuer Circle has filed for an IPO, planning to issue its stock under the ticker CRCL on the NYSE. The valuation is expected to be around $5B range (see below).
One of the biggest events yesterday was a sudden drop in multiple altcoins on Binance. Around 18:30 SGT, $ACT dropped 50%, with $DEXE, $PNUT, and $KAVA experiencing similar declines. There were a few reports that a change in maintenance margin led to a cascade of liquidations.
Over the past 24 hours, the top three gainers were $SPX, $NTGL, and $FARTCOIN, while the top three losers were $DEXE, $KAVA, and $IP.
